Applications for Unemployment in the USA were Below the Estimates

Applications for Unemployment in the USA were Below the Estimates Applications for unemployment in the USA were below estimates. The number of people who applied for unemployment benefits for the first time in the country decreased to 751 thousand in the weeks end on October 24, falling above expectations. The US Department of Labor shared weekly data on unemployment pension claims in the country. Accordingly, the number of applicants for unemployment benefits for the first time in the USA decreased by 40 thousand people to 751 thousand in the weeks end on October 24 compared to the previous week. The data recorded well below the market estimates was expected to be at the level of 775 thousand in the week in question. Since last week, the 4-week average unemployment salary demands decreased by 24,500 people compared to the previous week and decreased to 787,750. However, ongoing unemployment applications fell by 709 thousand to 7 million 756 thousand for the week ending October 17 compared to the week before. Accordingly, weekly unemployment pension applications, which have been on a downward trend for two weeks, have seen the lowest level since March, when the coronavirus epidemic hit. The number of people demanding unemployment benefits for the first time in the USA reached the level of 6 million 867 thousand in the week ending on March 28 with the impact of the coronavirus epidemic on the labor market.